R/€ = 14.34
R/$ = 10.72
Au 1285.41 $/oz
Pt 1465.50 $/oz
Nov 06, 2008
Real Economy ReportBack
Construction|Engineering|Expertise|Gold|Johannesburg|Tshwane|Africa|Eskom|Gautrain|Housing|Industrial|Industrial Development Corporation|PROJECT|Roads|Africa|Brazil|India|South Africa|Gautrain|Energy|Energy Efficiency|Mining|Transport|Gautrain|South African Association Of Ship Operators And Agents|Andrew Thomas|Andrew Thomas Keith Campbell|Andrew Thomas Shannon O'Donnell|Christy Van Der Merwe|Gautrain|Ignatius Jacobs|Ignatius Jacobs Irma Venter|Irma Venter|Keith Campbell|Lisa Reynolds|Rail|Shannon O'Donnell
© Reuse this From Creamer Media in Johannesburg, this is the Real Economy Report. Our top stories this week: we look at the state of the South African shipping industry, a rail link is planned between Mpumalanga and Tshwane and, a standard for energy efficiency in buildings is published.
The local shipping industry has been brought under the spotlight. Keith Campbell has the story.
The current state and possible future of the South African shipping industry was the subject of a recent workshop hosted by the Industrial Development Corporation. One of the delgates, South African Association of Ship Operators and Agents chairperson Andrew Thomas, explains the challenges facing the local industry.
South African Association of Ship Operators and Agents chairperson Andrew Thomas
The South African shipping industry is larger than many realise. Andrew Thomas gives an overview.
Join us after the break where we discuss a new rail link between Mpumalanga and Tshwane.
Commuters between Mpumalanga and Tshwane may soon make use of a new high-speed rail link, similar to the Gautrain. Irma Venter has the story.
By 2011 commuters will be able to get out of their cars and into the Gautrain, a specialised high-speed rail link between Johannesburg and Tshwane, currently under construction. However, this train, the first of its kind in South Africa, has now also inspired a new project - the Moloto rail corridor. Gauteng MEC for Public Transport, Roads and Works Ignatius Jacobs explains why government has decided the Mpumalanga - Tshwane corridor also needs a high-speed rail link.
Gauteng MEC for Public Transport, Roads and Works Ignatius Jacobs
Jacobs says government is using Gautrain expertise to develop the Moloto rail corridor, and that an announcement on the project will be made soon.
After years of research and development, the energy efficiency standard for buildings has been published, and paves the way for regulation of energy efficiency in this sector.
Christy van der Merwe:
The standard for energy efficiency in new buildings, SANS 204, has been published by the South African Bureau of Standards. It deals with all buildings, from housing, and schools, to clinics, office blocks and industrial buildings.
This means that building plans must consider energy efficiency, for the plan to be approved by the local authority.
SANS 204 working group, Chairperson, Lisa Reynolds:
At the moment SANS 204 has just been published, and it will be published as a voluntary standard. That is how it works. And once it is in existence, it can now be regulated, and we will liaise with the DME and the DTI to get it regulated and it will become part of the building code.
Christy van der Merwe:
The residential sector has lagged behind the mining and industrial sectors in energy conservation, but can make big changes.
Every building that is built energy inefficiently is a tragedy, if we look at how development has been halted by the lack of energy capacity, and we have had this booming building industry, which has not, is not, not growing anymore, but it has gone down phenomenally in the small time, and a big portion of this has been the energy shortage. So if we could build every building energy efficiently that basket of energy that we have saved can go towards other buildings to built and for new progress and things like that, so the significance is huge
The standard is quite easy to read, its in two parts, the first part is the performance parameters, the second part is what we call the deemed to satisfy
Deemed to satisfy is almost the recipe that, if you follow that recipe, you will get an energy efficient building. Its very very clear what you have to do, there is no rocket science in it. But obviously for the people who want to design buildings differently, they will do what we call a rational design, and in your rational design, then you will have to demonstrate that your building uses the proper amount of energy required, and it doesn't exceed the maximum energy demand.
Christy van der Merwe:
And what kind of energy savings can be achieved through implementation of the standards?
In our calculations, we have modelled a few types of buildings, and really the potential ranges from 10% to 60% saving in your house, depending on your base case scenario, so there is a lot of potential to do it.
And now for a sneak preview of this week's Engineering News magazine:
We report how trilateral trade among India, Brazil and South Africa is surging, but economic relations are still well below potential
Read how Eskom is targeting big energy users for mandatory savings
And, Isuzu says that the Rand's retreat is adding complexity to the truck market
And in Mining Weekly this week:
Read how a women-led black-owned manganese start-up delivers R223-million to its shareholders
We report that a gold price of 900 to 1 000 dollars an ounce is needed to arrest declining gold production
And, read how Gold Fields CEO Nick Holland is confident that the world will begin to see a higher gold price in 2009
That's Creamer Media's Real Economy Report. Join us again next week for more news and insight into South Africa's real economy.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines (150 word limit)
Other Real Economy Report
Updated 18 minutes ago Independent, black-owned and managed investment holding company Southern Palace Properties has acquired an 8% stake in Growthpoint Properties from the Public Investment Corporation’s (PIC’s) Government Employees Pension Fund (GEPF) for R4.5-billion. Standard Bank...
Updated 21 minutes ago Shareholders of JSE-listed real estate investment trusts (REITs) Octodec and Premium Properties have approved the proposed merger of the two companies, creating a combined property fund that will attract a market capitalisation in excess of R5-billion and comprise...
Updated 29 minutes ago The Metal and Engineering Industries Bargaining Council (MEIBC) this week called on employees and employers to exercise restraint as the metals and engineering industries resumed operations following a four-week strike, stating that it regretted the strike’s...
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...